On Wednesday, the Federal Reserve chose to maintain its primary interest rate, disregarding President Donald Trump’s requests to reduce borrowing costs. In its statement, the central bank acknowledged that the likelihood of both increased unemployment and elevated inflation has grown, presenting a peculiar situation that places a challenge before the central bank.
Source: https://www.euronews.com/business/2025/05/08/federal-reserve-leaves-key-rate-unchanged-as-it-sees-risk-of-higher-prices
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